JPMorgan Chase & Co. (NYSE:JPM) Stock Position Reduced by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,502 shares of the financial services provider’s stock after selling 891 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of Hohimer Wealth Management LLC’s holdings, making the stock its 7th biggest position. Hohimer Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,549,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JPM. Stone House Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the last quarter. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $35,000. Partnership Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $36,000. Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.10.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $3.79 during mid-day trading on Friday, hitting $200.71. The company’s stock had a trading volume of 7,356,233 shares, compared to its average volume of 8,712,340. JPMorgan Chase & Co. has a fifty-two week low of $134.40 and a fifty-two week high of $205.88. The company has a market capitalization of $576.37 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 2.66 and a beta of 1.13. The stock has a fifty day moving average of $194.71 and a 200-day moving average of $178.05. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders sold 249,399 shares of company stock worth $46,713,667 in the last quarter. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.